Author: NBTC

The White House announced that inflation data for October will not be released next month due to the US government shutdown. This could lead to the first gap in the data series that has continued uninterrupted for over 100 years. The White House, which stated that the federal government has been shut down for 24 days due to a budget dispute between Republicans and Democrats, said, “Because field studies cannot be conducted, it appears that for the first time in history, inflation data will not be released next month.” The U.S. Bureau of Labor Statistics (BLS) reported that a limited…

Dunamu, the operator behind cryptocurrency exchange Upbit, is finding itself in hot water after South Korean regulators slammed it with a 35.2 billion won (over US$24 million) fine for multiple breaches of anti-money laundering and customer verification laws. The Financial Intelligence Unit (FIU) announced its decision to fine the company on Thursday after months of deliberation over violations of the Specific Financial Information Act. Dunamu reportedly failed to comply with customer identification regulations, and this involves millions of cases. It also neglected its duty to report suspicious transactions, according to the watchdog. The fine is the culmination of a series…

eToro (NASDAQ: ETOR) rolled out a cashback program giving UK and European customers 1% back in stocks when they deposit cryptocurrencies, a push by the platform to diversify away from digital assets that account for more than 90% of its revenue. Cryptocurrency trading generated $1.91 billion of eToro’s $2.09 billion in total revenue during the second quarter, while equities and commodities contributed just $114 million. The new promotion potentially aims to funnel some of those crypto gains into traditional markets. Starting today (Thursday), customers who transfer eligible cryptocurrencies to their eToro Crypto Wallet and convert them to British pounds or…

This week, the market capital of BNB Chain reduced by 13.01 per cent to reach 230.89 billion dollars. The drop indicates the sensitivity of the ecosystem to the macro trends in the crypto market. The decline in value did not bury the activity though. The volumes of trade increased by 11.65% to 33.95 billion. Responses to price movements were fast, generating buying and selling spurts among the traders. This combination of declining prices and increased volume shows volatility rather than weakness. It implies that traders are scouting the BNB Chain to enter. Developers continued construction as the market overheated. The…

Public keys is a weekly roundup from Decrypt that tracks the key publicly traded crypto companies. This week: DraftKings officially enters the prediction market race, a Bitcoin miner makes a comeback, and payments giant Zelle gets into the stablecoin arena. Predictable for DraftKings It wasn’t exactly a surprise when DraftKings announced that it had acquired prediction market exchange Railbird. The rumor was first reported by Front Office Sports in July. But sports betting giant DraftKings, which trades on the Nasdaq under the DKNG ticker, has a unique hurdle to clear. The company already offers its sportsbook in at least 25…

Coinbase executives are urging US lawmakers to view stablecoin and market structure bills as interconnected pieces of a broader crypto regulatory framework, as Congress continues to deliberate over industry rules. Speaking to Cointelegraph at the Blockchain Futurist Conference on Thursday, Coinbase Chief Business Officer Shan Aggarwal weighed in on how a market structure bill could affect US markets. According to Aggarwal, both the market structure currently being considered in the US Senate — called CLARITY when it passed the House of Representatives — and the GENIUS stablecoin bill passed in July act “effectively like oil for the onchain economy.” “GENIUS…

In this post: Orbs’ Perpetual Hub Ultra has been integrated into the new Ionex DEX on Plasma, enabling institutional-grade perpetuals trading. The Layer-3 solution provides plug-and-play perps infrastructure with fast execution, deep liquidity, and up to 60× leverage. Ionex uses Orbs to power its MetaPerp module, merging spot and perps markets into one seamless decentralized hub. Ionex exchange, developed by Defizoo, has announced the integration of Perpetual Hub Ultra, a technology stack built by Orbs, to enable perpetual futures trading across the Plasma blockchain. The collaboration allows Orb’s Layer 3 technology to operate as a turnkey solution for decentralized exchanges…

ICB Network affirmed its strategic partnership with Zetarium in the blockchain. The future of the decentralized economy is a vision of connecting traditional finance (TradFi) to the digital economy. It is one of the most significant milestones in the mission of ICB Network to establish the most secure and sustainable web3. The agreement will combine ICB and its well-known Layer-1 blockchain infrastructure with Zetarium and its cutting-edge way of connecting legacy financial systems with blockchain. This convergence will allow ICB Network to develop a solid foundation, while enhancing its exposure in decentralized finance. Security and Audit Excellence This collaboration underscored…

US stocks reacted sharply to the consumer price index inflation reading for September, with the Dow Jones Industrial Average jumping more than 350 points and both the S&P 500 and the Nasdaq hitting new all-time highs. Summary The US Bureau of Labor Statistics released the consumer price index inflation report for September on Friday. US CPI data showed inflation rose 0.3% in the month, compared to forecasts of 0.4%. Dow jumps 350 points, S&P 500 and Nasdaq hit record highs. US stocks rose on Friday as the market reacted to cool inflation data, with investors upbeat ahead of the Federal…

South Korea is considering the possibility of revisiting its sanctions framework on North Korea, days after a new U.S. sanction has linked Pyongyang’s crypto theft operations to weapons financing. Speaking in an interview with Yonhap News TV on Thursday, Second Vice Foreign Minister Kim Ji-na said Seoul “can consider reviewing sanctions as a measure if they are really needed,” citing the importance of U.S.-Korea coordination on digital threats posed by the North. “In cases of cryptocurrency theft by Pyongyang, coordination between South Korea and the U.S. is important, as it can be used to fund North Korea’s nuclear and missile…